The IMF’s World Economic Outlook estimates that the Indian economy will grow by 7.8 percent in 2019, making it the world’s fastest-growing economy in both 2018 and 2019. With 1.2 billion people and the world’s third-largest economy, India has become a global economic giant. While India’s progress has been significant, it still faces considerable challenges in terms of poverty and inequality, energy access, pollution, and infrastructure development. Recent reforms aim to empower the people, especially the poor, with universal access to education and health, and facilitate their full participation in their nation’s economic growth.
The Becker Friedman Institute for Economics (BFI) and the Tata Center for Development at UChicago (TCD) welcomed Arvind Subramanian, Chief Economic Advisor to the Government of India, to discuss the short- and long-term economic opportunities and challenges facing India. Michael Greenstone, the Milton Friedman Professor of Economics, the College, and the Harris School, and the Director of BFI, moderated the conversation.